Twitter Passes 250 Million Users, Now Valued At $4.5 Billion (And J.P. Morgan Wants A Slice)
Interesting report in the Financial Times that outlines JPMorgan’s Digital Growth Fund is looking to buy a 10 per cent stake in Twitter for $450 million, valuing the company at a heady $4.5 billion overall.
It is not clear if the JPMorgan fund will make a direct investment or buy out existing investors and shareholders with Twitter’s approval. But the fund does not intend to buy shares on the secondary market, the people said. The deal has not closed.
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